Adani Realty forms JV with Marathon Nextgen Realty for Rs 3,400 crore project in Mumbai

Adani Realty has signed a joint venture agreement with Marathon Nextgen Realty Limited for development of a real estate project in Mumbai. The project spans approximately 1.2 million sq.ft. with an estimated Gross Development Value (GDV) of Rs 3,400 crore.

The new office and retail space would be a mixed-use project featuring officess, retail zones, and other amenities. The project named 'Monte South Commercial' will be a part of the larger Monte South campus, which comprises four residential towers rising over 64 storeys with a total residential sale carpet area of over 1.6 million sq.ft., Marathon Nextgen Realty said in a regulatory filing on Monday.

Speaking on the announcement, Mayur Shah, Vice Chairman, Marathon Nextgen Realty Ltd. said, "Monte South Commercial will set a new benchmark for South Mumbai’s business landscape — combining design excellence, efficiency, and long-term value."


Adani Realty is the real estate arm of the Adani Group. As per the company's website, it has developed close to 31 million sq. ft. and approximately 108 million sq. ft. of real estate space is under development. This includes residential, commercial, and social club projects across Ahmedabad, Mumbai, Pune, and Gurugram.